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. >> barack obama has been reelected. >> the agony of defeat. >> this election is over, but our principles in north. >> the year 2012 in review. >> the supreme court has upheld the requirement that every american by health insurance. >> the year of the cliffhanger. >> raising tax rates is unacceptable. >> natural disasters. >> like the apocalypse. >> and human tragedies. >> saying someone is shooting in the auditorium. >> political fumbles. >> 5 seconds before you interrupted me. >> and shoppers. >> the seriousness of having a cia director involved in an extramarital affair cannot be overplayed. >> all right, as we look back, let's begin with the top political story of the year -- the freight -- the reelection of barack obama. as "time" magazine plus a cover story states, barack obama will be the first democrat in more than 75 years to win a majority of the popular vote twice. mitt romney has to be asking himself, giving the magnitude of the president's problems and the great numbers of americans who believe the country was headed in the wrong direction, "how did i lose?" as the republican
to you all. one of the big events of the new year will be the inauguration of barack obama to a second term, so we asked a wide variety of religion leaders what they hope for during the president's next term. >> if president obama would revert back to the, that young, powerful, firey spokesperson in the 2004 democratic national convention who talked about reconciling the blue and the red state, about the god of the blue state and the god of the red state that i believe that he has a chance to really emerge as a transformative catalytic president reconciling our nation. we are more polarized today than ever before. >> i'm hoping that he would be able to work, well that congress would be able to work with him to come up with a real budget that's going to help the least of these and because when you help those who are in the most vulnerable situation, you end up helping the whole country. >> foreign aid is 1% of the budget and we talk about cutting that and that's a frightening thought. while some of us are eating at banquets while people are starving outside our door. that's not right. >
obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. thi
in u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extrem e weathr from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover. i have more work to do on my recovery, so i will do what is best for arizona. i wi
and in with the new. what does 2013 have in store? obama care. over a third of the states won't set up exchanges needed. >> to have an unknown cause factor pressed upon us is something irresponsible in my opinion for us to assume. >> the georgia governor on what needs to be fixed before obama care becomes law. then regulation nation. while the president promises green energy, environmental rules have choked the industry and sent millions to the unemployment lines. >> he is bound and determined to have that level of taxation out of the country. >> the new taxes that lie ahead. and getting married? buying a new home? >> family is the basic economic building block of the country. >> why the best time to do it is now. >> ladies and gentlemen, governor mike hukabee. >> hello, everybody and welcome. delighted to have you here. what a great audience. welcome to "huckabee" from the fox news studios in new york city. as we wrap up 2012 and get ready for 2013, happy to have you with us. now tonight we are going to take a look ahead and look at some of the key issues that will impact us in the new year. fi
that president obama and nancy pelosi have expressed their interest in some kind of cpi, changed cpi, consumer price index in the past? other democrats have as well. so i'm getting the sentence that harry reid and the democrats don't want a deal. they want to go off the cliff. >> well, and that's certainly one opinion that's out there, andrea. the cpi aspect, democrats said, you know, we were willing to do that if you were talking about a huge 4 trillion dollar teal deal where we're going to cut a lot of different things, but as part after smaller deal they're trying to iron out over the course this have weekend, they said that that was a poison pill. so bottom line, they were not happy with this at the last minute. they made it well-known to everybody today to certainly stop it from happening so then we heard from a lot of republicans saying, fine, if it's a deal breaker, we're not going to do it and certainly the republicans would like some other sweeteners that would be appealing to them in the final deal. >> and do people in washington, to they realize how angry a lot of americans are? we'
. and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we talk a lot here about the sequester, the income tax rates for the wealthy and other issues that need to be resolved or one on the table. one that's not on the table, the payroll tax extension is just gone. unemployment insurance extension looks like it's part of this. and medicare dock fix. you have any sense of two other things that obama's been looking for here? one is an extension of the expansion of the refundable tax credits of stimulus in 2009. these are things pushing for. if that's part of it and obama looking for at least some infrastructure, some stimulus spending. are any of those components in this
: happy new year to you, lauren. and on thursday, president obama signed an executive order that ends a pay freeze for congress and federal workers that is. as our march this coming here, federal employees will see 1/2% to 1% pay increase and get this, 535 members of congress will also get a raise. so, federal workers, 2 million of them already earn more than the rest of us, they get more. and congress, totally failing to do its job, will also get a raise. about 900 bucks each. do they deserve it? according to the latest rasmussen poll you say, oh, no, scott rasmussen joins us now. all right, scott, i've seen the numbers, 5% think that congress is doing a good or excellent job. that's it? >> that's it. 69% say they're doing a poor job and stuart, i know this is going to be hard to believe, i think those numbers are going to get worse. stuart: really? >> yeah, the reason i say that is we have all of this talk about the fiscal cliff negotiations, that are going to eliminate this middle class tax hike, but the fact is, payroll taxes are going up. if you make $50,000 a year, you're going
se reune el presidente obama con lideres del congreso en busca de evitar que el pais caiga en el abismo fiscal. y si no se llega aun acuerdo.. productos como la leche podrian subir de precio drasticamente. atencion jovenes de la tercera edad..nunca es tarde para empezar una rutina de ejercicios.. le diremos como hacerlo. en los deportes les contaremos como esta el ex-triple campeon del mundo wilfredo benitez. y un artista internacional nos habla de una campaÑa a favor de los mas pequeÑos... hola que tal?.. bienvenidos !!!una reunion de ultimo minuto se dio a conocer esta tarde en la casa blanca para evitar que el pais caiga en el tan llamado precipicio fiscal ... asi es el encuentro obligo a que algunos congresistas regresaran antes de lo previsto a la capital... al parecer esta habia sido una reunion constructiva y se dieron avances. el presidente barack obama a puertas cerradas y de emergencia intento llegar a un acuerdo con los lideres del congreso para evitar lo que se conoce como el precipio fiscal....los congresistas se fueron sin hacer agun tipo de comentario... es ca
>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c
, where christie went and embraced obama. that was a big deal. he was the main people surrogate for romney campaigning in the election for him to validate and say hey, this guy is doing a great job. didn't help days before the election. >> eric: big story. sandy. christie. two big stories. >> kimberly: yes. >> eric: juan, what about you, sir? actually i don't think there is any -- >> juan: i don't think there is any question. the big story of the year was the election. the big story here is the change in the way technology, media treats an election. i remember the debate. the first debate. won by romney. the way i was looking at it. obama is not doing bad. not doing great but basically you got to knock out the champ to beat him. it didn't see a knock-out. all my friends like sean hannity, i sit next two on twitter and they're scoring the debate minute by minute, everything going on in social media. in that case, romney was the winner. that's true with fundraising. each campaign raised $1 billion. how much money is that? for what? >> andrea: how could you think that obama was doing just oka
their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we're starting at the very early ages to try to help young people speak. that is a direct relationship to being successful in school and being successful in your life >> woodruff: and we close out 2012 with two takes on history, first, a look at the emancipation proclamation on the eve of the 150th anniversary of president lincoln's action to end slavery and the civil war. >> woodruff: plus michael beschloss and richard norton smith talk about potential historical turning points of the past year. that's all ahead on tonight's newshour. moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundati
of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we're starting at the very early ages to try to help young people speak. that is a direct relationship to being successful in school and being successful in your life >> woodruff: and we close out 2012 with two takes on history, first, a look at the emancipation proclamation on the eve of the 150th anniversary of president lincoln's action to end slavery and the civil war. >> woodruff: plus michael beschloss and richard norton smith talk about potential historical turning points of the past year. that's all ahead on tonight's newshour. moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance
ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor earlier today. >> the deal must be one that really does favor the middle class, the real middle class, those making 3
after the end of the first term for president obama saying that she frankly just needed some rest. now unfortunately hospitalized for this blood clot. we will, as i said, keep you posted as we get more information. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of
from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican senators they are optimistic and hopeful that a vote can happen sometime, perhaps later tonight. senator mitch mcconnell e-mailed and said he thought the deal was done until the white house called to say the sequestered cuts should be turned off. since then, she trying to find a way to bye down months of the cut but says the tax issues shooting forward. >> we will continue to work on finding smarter ways to cut spending. but let's not let that hold up,be protecting americans from the tax hike that will take place. we can do this. we must do this. >> though it is down to the wire. >> it's december the 31. january 1 is tomorrow, 2013. taxes go up. >> frustrated senator john thune says the senate should have acted months ago to keep the u.s. economy going off the fiscal cliff. >> i find it really hard to sit and listen to people come up now and wring their hands and
obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will be to cut taxes on middle class families. >> and this morning former white house spokesman robert gibbs was even more blunt. >> the republicans simply can't utter the word yes. they cannot utter the word yes. i mean, i feel like it's -- i feel like you're talking to a 5-year-old, and, you know, you're saying, look, you have to eat your vegetables. the 5-year-old says, ah, you know, maybe. i will eat half of them, and you say will you eat a quarter of them? i will eat a quarter of them. >> out of control 5-year-old. still, the senate is back at it today trying to resolve the impasse. while the two sides seem to be nearing an accord on taxes, they continue to battle over republican attempts to make social security cost of living cuts or chain cpi. it led to this bit of sarcasm from harry reid. >> i was really grat tied to hear of the
su partido como su candidato presidencial... el presidente obama, sin ningun oponente, fue nominado en carolina del norte en la convencion democrata... las campaÑas arrancaron con mas vigor... y tambien la serie de anuncios publicitario s...desprestigiandose el uno al otro... pero tambien sus seguidores... sus aliados.. se unieron a la ambiciosa carrera para llegar a la casa blanca... con avisos televisivos como este... auspiciado por el sindicato de trabajadores de servicio, seiu.. "estos anuncios han sido muy eficaz en enseÑar a la comunidad latina quien es mitt romney y cuando lo conocen no lo aprueban" pero los republicanos defendieron la trayectoria de romney y su agenda para los hispanos... "cada dia estamos saliendo con el menje del gobernador romney, el mensaje republicano para asegurar que el mensaje republicano le llegue a la comunidad latina" alexandra franceschi/portavoz, comite nacional republicano hasta el mismo hijo menor de mitt romney, graig, se dirigio a los hispanos... "hola soy graig romney, quiero decirle como es mi padre, mitt romney" "en los jovenes conocido
. the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiation. danielle, what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate is going to get back to work. when they do they will not have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when the senate gets back network. where are they divided? they are divided at what salary taxes should increase but there was progress on taxes for the wealthiest of americans and avoiding the inheritance increases and they are grateful that republicans have given up on demands for cuts to social security at least for now. now this progress has not come easy. democrats have accused republicans of being too suborn on tax increases. just yesterday repu
back and said it would be really messy. but obama, himself, has never completely wiped it off the table. it's obviously never been his first priority. he was hoping to use the debt ceiling as part of a grand bargain in 2011. he didn't want it to be, you know, because of the 14th amendment. >> he's having trouble suggesting that he do it. i think it's written there in the 14 lt amendment. and i think that's a constitutional way out of this crisis. but we'll see if he wants to -- if he actually goes ahead. >> eugene robinson, ryan grim, happy new year. >> happy new year. >> happy new year. >> thank you so much for coming on. >> that's going to do it for this live hour. stay tuned to msnbc for all the latest breaking news. for all of us here at msnbc, i'd like to wish you a happy and healthy new year. right now, a special edition of po "politics nation" with al sharpton. pushl push . >> tonight, from the world famous rockerfeller center in new york city. it's the best and worst in politics in 2012. all the big stars are on the red carpet. donald trump is hoping to win a revvie in
. you might want to sit down for this if you're sending out. put down sharp objects. president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night speak you can ev come everybody. a state department report leaves more questions than answers on why the united states failed to act on the diplomatic mission in libya on the 11th of september. the lack of security at the benghazi compound, senator jim frisch that the obama administration fell short in more than one respect and had more than enough time talk about when it began. here's a recent senate foreign relation hearing with twos
, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for chuck hagel? the president defends his possible defense secretary pick. >>> good morning from washington. it's the last day of the year, december 31st, 2012, and this is "the daily rundown." i'm chris cillizza in for chuck todd. with sweeping tax increases and across-the-board spending cuts set to take effect at midnight, even lawmakers are now publicly pessimistic about the ability of congress to, well, get anything done. at best, democrats and republicans will patch together a limited, short-term deal to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress are disgusted and embarrassed. >> when the future of the country, you know, rests in the hands of 70 and 80-year-olds who have jet lag, it's probably not the best thing. >> something has done terribly wrong when the biggest threat to our american economy is our american congress. >> the senate will reconvene at 11:00 this morning, but after a day of public ga
. president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there yet. one t
expecting the voting, the sort of, the electoral body that made obama's victory possible. i mean, i think there was -- no one was talking about the sort of numbers that showed up for obama. no one was predicting the diversity of the vote. no one was predicting that sort of the republican strategy for securing a romney victory would come to grief so kind of spectacularly. i mean, i'm telling you. even the communities who came out to vote, i think, were shocked by their own numbers and by their own power. i mean, when you look at the cuban community in florida, a community that has historically voted super conservative and suddenly see an entirely new generation voting, and you see those numbers that they put up for obama. it was extraordinary. and i think that a lot of folks have very poor sense of what's happening in this country on the ground. i mean, they're kind of all the way up here, whether it's age, class, institutional divisions. and they don't really have a real kind of panoramic or even a deep view of the real sort of granular shifts that have occurred in this country, that have
and i will not. >> chris: and, senator feinstein, you heard president obama say we have to get out of the habit and will not start trading debt ceiling increases for spending cuts. >> i think the key to what he is saying is that you don't affect people at this time. who are on these programs. that you do it in a way that it is way in the future. so, that long term, the programs are essentially changed and more constricted. now that is not entirely popular on my side. but, it is realistic, i think. i think, you know, this is a very hard time for people. and, we need to get by this and have a robust economy, and, and cap happen, i'm convinced, if we solve this and move down you can do those things that enable the programs to be solvent on an extended basis, without impacting people directly now. >> chris: senators, we need to take a quick break, when we come back we'll discuss where the investigation of the benghazi terror attack stands now, and, whether congress will act in the new year to try to prevent more mass murders. ♪ to the best vacation spot on earth. (all) the gulf! it d
into an economic free fall. facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate
to obama. this may differ in the degree but not in kind to any fascist salute and when in the world can we begin in this country pledging allegiance to human beings? [applause] i brought this a long because they wrote this great book. this is what my 13 year old child brought home from public school. are you a democrat or republican on gun control and democrat wants to restrict the number and republican wants to allow them to fight citizens without restriction. on the environment a democrat wants to make factories reduce pollution and restrict drilling for oil and park lands and a republican wants to not pass pollution laws delude cost factories money. this is in public school. if that isn't taxation without representation, i don't know what is. [applause] >> that's the left on unreasonable and inconsistent to ensure that no one will adopt them accidentally because of their utility. they are a perfect pledge of allegiance to the lack of reason ensures the must be continually repeated as such and that every possible instance or location would be introduced by a protestation of faith or enou
as his biggest downfall offense keeps coming up as the topic of conversation. and obama is scheduled to speak about 30 minutes. this is as capitol hill lawmakers are battling the clock trying to keep the nation from going off the cliff. the autumn >> at expanding cuts and tax hikes could trigger a new recession. >> the markets could plummet. many still recovering from the last recession. fearing the worst of congress does not act. >> that means a lot for my family. i have family that is unemployed. there were about unemployment benefits. i have friends who are also facing some pretty hard times. everybody has been a kind of hard lately. you're definitely a little worried about falling even further into debt or into another recession. bettas all i care about. >> does it affect you? >> yes i guess. i hope it gets resolved before 12:00 p.m. tonight. with the deadline fast approaching. negotiations continue with still no deal. the nation just hours from plunging off of the fiscal clef. that is on the dreaded combination of spending cuts and tax hikes take effect. the average middl
. >>> y el presidente barack obama dice que se ve acuerdo para evitar el abismo fiscal pero no votarÍan antes de la medianoche. >>>la salud de chÁvez suspende fiesta en plaza bolÍvar y piden a todos orar por la salud del presidente hugo chÁvez. >>> y seguridad y feejos con mucho frÍo y seguridad y alegria miles se preparan para recibir el 2013 en times square. >>> salud, dinero y amor, ritual y amuletos que muchos usan para la suerte. >>> la ediciÓn del noticiero comienza ahora. >>> muy buenas noches soy vanesa, y josÉ dÍaz estÁ de vacaciones. >>> y comienzo en mÍ california dÓnde finalmente fuete errada jenny despuÉs de 3 semanas del accidente aÉreo en que muriÓ junto a seis acompaÑante vÍctor hugo estÁ en el cementerio con toda la informaciÓn, muy buenas tardes vÍctor hugo. >>> muy buenas tardes vanesa y claro que sÍ como tu lo decias, esto ocurre a 22 dÍas del trÁgico accidente en que perdura la vida jenni rivera en monterrey nuevo leÓn y despuÉs deo que pasÓ la cantante los restos fueron traÍdos a este cementerio funeraria en long beach en la misma ciudad do
and spending cuts. president obama said to speak in about 30 minutes from now. shibani: stocks are holding their ground. waiting for some sort of news out of washington. the dow sitting at session highs. at least we are closing. ashley: it changes with every headline. the world ringing in the new year. new zealand, australia, japan, china, we will get a sneak preview of celebrations being planned as times square gets prepared for 1 million visitors. it is a complete nightmare. [ laughter ] ashley: time now for stocks now as we do every 15 minutes. we are up 51 points. not too bad on this last trading day of the year. >> that is right. the dow has been pretty flat. going back and forth between the red and green. the nasdaq is up 30. same goes for the s&p stock of about nine points. we are also watching a settlement between u.s. regulators and about a dozen banks. sources tell the "new york times" that 14 banks include tank of america, wells fargo and jpmorgan chase. we are taking a look at those stocks. back to you. ashley: diane, thank you very much. well, the question is, is the unthinkab
or eight months. >> okay. so we've got the latest here including president obama doing an interview for "meet the press." the senate is scheduled to reconvene at 11:00 this morning. any deal today would have to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday, minority leader mitch mcconnell reached out to someone he believed he could help jump start the negotiations and perhaps deliver an 11th hour compromise, and that would be vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness, an interest, or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> before i continue to set the scene, anyone here think biden can make a difference? dan? >> not before the end of the day. i just think that even if the senate -- even if they work out a deal that's accept
's obama's economy now. the republicans passed the tax cuts for one group, let's say all the wy through, not the very top group, , i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly at the beginning of the campaign. the democrats were the repuican -- the democrats or the republicans, which party led the discussion to the enduring that of the middle class sure enough, president obama shifted to a middle-class message that resonated, if only at the margin that was sufficient for victory. are the republics learned anything here? are they going to start talking about working men and women? working class and the american dream. >> i think they are. i think the presidential race s a real problem. because it was never growth. it was aways about this and that and detail. romney wasn't the issue. the issue was obama. it was the worst single recovery in the u.s. that is the issue. i think and i hop
, president obama had sounded off this afternoon. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it is not done. >> sources say taxes would rise on income over $500,000, which the president sees as a big win for him. >> just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously the agreement that is currently being done would raise those rates and raise them permanently. >> some democrats did not applaud. agreedid the president's to raise rates on those making over $250,000, not four hundred thousand dollars. >> democrats won a two-year postponement, with costs covered by new tax hike. the president scoffed at republican demands for deeper spending cuts. >> shove spending cuts at us. >> so much for the gop. >> a bigger deal is, will a deal get done? >> whatever happens are does not happen before midnight, this partisan more on taxes and spending is sure to continue well into 2013. steve handelsman, wbal-tv 11 news. >> as we wait for word of the deal, lawmakers in washington are und
's the card for people who ke more cash. what's in your wallet? gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our famies and our businesses d for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn' happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the
to be theebiggest obstacle to a compromise. others want to see goverrnent spending put inn check. president obama ssys... hees willing to do that. "i offered over a trillion pollars in additional spending cuts so that we would have two pollars f spending cuts for everyyooe dollar of increased rrvenue." "the senate stands in recess" the senate is scheduled to reconvene at 11-a-m. even if lawmakers don't come to angreeeent tonightt.. you change in your nnxt payyheck. that's because businesses &plikely used 22-12 withholding rates... uncertain about what would happen. happen.if you want to see how much your taxes would go up agreement.. go tt foxbaltimroo dot com slash morning. the funerallwill be held tomasz kaczooka ... one of two new york firefighters who was firr.on sunday... thousands gathered to rememberrthe ooher victim... police liiutenant michael chiaaperiii.both firefighters were gunned down py an ex-con... who police say deliberatelyyset his house on fire... to lure fire crews into a deadly ambush.police say the gunman... william injured 2 others... before turning theegun on himself last
question mark. president obama, of course, today had that sort of campaign-style event. he has waged this public campaign to pressure congress, not only republicans, but also democrats who have expressed some skepticism about this emerging deal that is coming together. so that is part of the president's tactic as well, to not only be working the phones behind the scenes, but also to hold these public events and, of course, he sat down with david gregory this weekend on quths meet the press." that's part of his calculation as well. >> let's talk more about the political calculation. for more reaction i'm joined by nbc's luke russert. good to see you, luke. >> how are you doing? >> i want to pick up on what mike was saying, even as we were on the air house republicans were watching us and sending him e-mails saying, listen, we don't have anything to vote on. is there a sense that members on both sides of congress are feeling some pressure from their constituents even as folks are preparing to go out and pop the champagne and celebrate the new year? >> reporter: oh, yeah, sure. i get th
the addition about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pocket-andrew spencer reporting. >> secretary of state hillary clinton was hospitalized with a blood clot. >> doctors say the same medical problem related to a concussion she recently suffered. >> a blood clot was found yesterday doing a follow-up medical visit. you remember 65 year-old clinton suffered a concussion several weeks ago after fainting while recovering from a stomach virus. >> let us bring it over to erica regarding our forecast. we have a driver is it? >> in to wednesday it expects to be the cold side. if resorting to go into affect. in the wet weather chances have diminished. here is a live look outside is a game left lick freeway. in downtown san francisco is a clear and cold star
-- we want to make note of that. the reestablishment of the white house initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these things are done on purpose. i want to let you know that we also can boast twice as many asian-americans on federal benches. those of us to understand the impact of the supreme court and what it can do or on june, we know that having asian-americans on the federal bench is a line up for appointments to the supreme court. thank you very much for this opportunity. i want to say that silicon valley is the birthplace of high-tech. silicon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron
to the floor. >> in an afternoon briefing, president obama said he will not accept the deal that slashes spending without raising taxes, too. >> if they think that is going to be the formula for how we solve this thing, that is not how it is going to work. >> republicans reacted this way. >> i know the president has done heckling congress. i think he lost probably numbers of boats. >> he laughs and jokes and ridiculed republicans. >> both sides still have to sell any deal to their rank and file, and some democrats were not pleased. the senate may or may not vote on this tonight, but the house is adjourning and would vote on this tomorrow at the earliest. so technically, at least, the nation goes over the cliff at midnight. sally kidd, wbal-tv 11 news. >> maryland could lose hundreds of millions of dollars and tens of thousands of jobs if america does go over the fiscal cliff. researchers estimate maryland will lose millions in federal funding next year, money already in the state budget. an october report also estimates 53,000 full and part- time jobs would be lost in 2013. the state wou
a deal or work something out. president obama says he is modestly optimistic that negotiations could prevent these huge tax hikes and spending cuts from kicking in. >> we don't yet see an agreement, and now the pressure is on congress to produce. if they don't, what i've said is that in the senate we should go ahead and introduce legislation that would make sure middle class taxes stay where they are, and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. >> brianna keilar, she's at the white house. brianna, they're saying they're going to come back to work in a couple of hours. a lot of people have been up a lot longer than that, up earlier, trying to figure out what's going on here. i understand you do have some news. potentially there's a new offer on the table. >> reporter: that's right. according to democratic sources, suzanne, they have gone up to $450,000 as the threshold for those income tax rates for where those bush-era tax cuts would expire. so beyond $450,000 for a family. this is somewhat sig
ago that we will hear from president obama. he will be speaking in about a half an hour from now on negotiatings over a debt deal 0, just about 11 hours left now until washington's failure to reach a deal would trigger a big series of tax hikes and spending cuts. welcome to "america live" i'm rick folbaum. >> i'm arthe arthel nevel. the president is expected to make remarks within the hour about the on going negotiations about the so-called fiscal cliff. we'll bring that live to you when it happens. sources are telling fox news that congress has figured out the tax part. the main bone of contention is at this point the spending. the white house wants new spending using tax hikes to prevent some of the severe budget cuts that also kick in in 11 hours from now. republicans argued that is just robbing pete tore pay paul. chief congressional correspondent mike emanuel is live at the capitol following all of the bouncing balls. hey, mike. >> reporter: one concern for republicans as they look at this deal is what about spending cuts? where are the spending cuts? it sounds like they are
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